Exit Interviews for MLROs and MLCOs of Banks and Fiduciary Firms

8th January 2020

Please be advised, that with effect from January 2020, the Commission will be introducing exit interviews for individuals who held the position of MLRO and/or MLCO with a Bank or Fiduciary firm. This is a six month pilot initiative, and following our risk based approach, will apply only to individuals who have departed from a MLRO or MLCO position at a Fiduciary or Bank Licensee since the start of 2020. The aim of the individual meetings is for regulators to develop a deeper understanding of the MLRO/MLCO role(s), responsibilities and challenges faced.